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November 30, 2004

Branch Named Interim World Council CEO

Madison, WI-World Council of Credit Unions,
Inc.(WOCCU) board chairman, L. R. (Bobby) McVeigh
announced the appointment of the organization's
new Interim CEO, Brian Branch. The appointment
was made due to the change in Arthur Arnold's,
former president and CEO of WOCCU, effective
resignation date.

Branch, who serves as chief operating officer
for
World Council has headed development field work,
research and implementation for more than 22
years. As WOCCU's COO Branch leads strategic
technical implementation of donor funded programs
and manages day to day operations.
Branch received his doctor of philosophy in
economics at the University of Wisconsin-Madison
in 1989 and his master of arts in Latin American
studies at the University of Texas-Austin in
1981. He received his bachelor of arts in
government and Spanish, graduating magna cum
laude from Bowdoin College, Maine, in 1979.

McVeigh noted, "Brian Branch has been one of
the
guiding forces behind the World Council. His
appointment as the Interim CEO will ensure that
mission and vision of WOCCU will continue during
this transition period."

World Council of Credit Unions is the apex
trade
association and development organization of the
international credit union system. It promotes
the sustainable growth of credit unions and
financial cooperatives across the globe. As
instruments of economic and social development,
World Council, its member organizations in 87
countries with 40,421 member credit unions serve
more than 123 million people worldwide.

McVeigh explained, "The executive search will
be
at the top of World Council's board meeting
agenda, held December 3-5." He encouraged those
interested in the position to forward their
resume and qualifications to: World Council of
Credit Unions, Attn: Executive Search, 5710
Mineral Point Road, Madison, WI 53705.

World Council of Credit Unions is the global trade association and development agency for credit unions. World Council promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services. World Council advocates on behalf of the global credit union system before international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen credit unions' financial performance and increase their outreach.

World Council has implemented more than 290 technical assistance programs in 71 countries. Worldwide, 57,000 credit unions in 105 countries serve 217 million people. Learn more about World Council's impact around the world at www.woccu.org.